What you can lose by starting investments late
The investment behavior of most investors suggests that individuals save and invest insufficient, too late. It seems that almost all individuals take their investments seriously either once their kids are nearer to usurping higher studies or to be married or the investors themselves are nearing their retirement.
But usually times in such cases, the capitalist would have little or no time left to achieve his/her goal and would need an unrealistic quantity of savings to achieve their goals over a brief span of time. Just take a look at the image below to know how you can make a world of difference to your financial life by investing early and investing regularly with the best advice of financial goal planner. In the age of 25 years Rs. 5000 a month invested till the age of 55 years (Renu in the example below.) and simply allowed to lie (without adding more investments) till the age of 55 years would have generated far higher corpus (Rs 1.76 crore) when compared with an investor who starts in the age of 45 years till the age 55 years (Megha in the image given below) but invests Rs. 15000 monthly.
Despite investing a larger sum and over a longer time, Megha ends up with far lower wealth than Renu. This is simply because Renu started early and hence allowed his money to compound faster, over a longer period.
While the good thing about compounding may be nothing new to you, the Image can possible drive home the purpose on the chance lost by you by not investment early in life. You can consult with your Financial Advisor in jaipur in the early age that what fund will be better for you goals and future plans.
And what higher thanks to create disciplined long-term inflation-beating investments than SIPs in mutual funds?
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